Real-world predictive data mining (classification or regression) problems are often cost sensitive, meaning that different types of prediction errors are not equally costly. While cost-sensitive ...

A guide to what data mining is, how it works, and why it's important. Big data is everywhere we look these days. Businesses are falling all over themselves to hire 'data scientists,' privacy advocates ...

Dr. James McCaffrey from Microsoft Research presents a complete end-to-end demonstration of k-nearest neighbors regression to predict a single numeric value. Compared to other machine learning ...

In the rapidly changing business environment, with global competition and maturing markets, competitive advantage is extremely important. Business can exploit the wealth of massive amounts of data ...

When you perform regression analysis in Microsoft Excel, you are engaging in a statistical process that helps you understand the relationship between variables. This technique is particularly useful ...